Yesterday's rally was not purely driven by emotional speculation, but by real "institutional fund inflows + technical breakthroughs" working together.

The surge at 6 a.m. directly reflected this — institutional ETF buying was astonishing. According to data, Bitcoin spot ETF inflows approached $800 million, with Fidelity's FBTC contributing $351 million alone. Whales bought aggressively, directly pushing up the price, which then led to mainstream coins like Ethereum and BNB rising by 3%-10%.

This scene is indeed quite satisfying — after a period of dullness in the entire market, even the stock market was jumping around, while the crypto market had been napping. Today, it truly feels like a moment of pride.

From an emotional perspective, the Fear & Greed Index has rebounded from the fear zone to a neutral leaning towards greed. In the short term, bullish momentum is quite strong. But we also need to be cautious — the RSI indicator has already entered the overbought zone (70+), and the risk of chasing the high at these levels is accumulating, making a quick shakeout quite possible.

The key points moving forward are these numbers: if BTC can hold above $95,000, the next target is directly at $100k; but if it falls below $94k, a correction could reach the $92k-$93k range. Timing is crucial, so don’t get carried away by short-term gains.